Strategy (NASDAQ: MSTR) stock price rallied by 17.5% on September 3, to close trading at $144. The gains occurred amid a recovery across the broader crypto market, with Bitcoin (BTC) price touching $80,000. The 17% rally also led to Strategy overtaking several large-cap companies, including Nasdaq Inc, by market cap.
Strategy Leads Crypto Stock Gains
Most crypto stocks closed higher on September 3 after dovish comments by Fed governor Christopher Waller reduced the odds of the Federal Reserve hiking interest rates.
Coinbase shares jumped 10% while Circle stock gained by 16%. Robinhood shares also recorded a 16% gain. Strategy shares recorded the biggest gain of 17%, with this being the biggest single-day gain recorded by…
